You’re enjoying every milestone your baby reaches. But did you know there are some things you can do now to help them reach higher education milestones as they grow older?
Higher education is any education beyond high school. This includes trade schools and community colleges, as well as public and private colleges and universities.
Tips for Success
The things you do now can make a big difference for your child’s future. Here are some key things you can do to help your infant and preschooler succeed:
- Point out jobs your children see people doing in your community. Talk about how people get paid to do the job.
- Help your child get ready for day care or preschool by visiting and talking about what it will be like.
- Read to your child. A love of reading starts at an early age. Visit RaisingReaders.org for lists of books and tips for reading to your young child.
Raising Readers promotes early childhood literacy and a love of reading by giving books to Maine children at birth and at well-child visits through age five. Visit RaisingReaders.org »
Invest in Your Child’s Future
Believe it or not, investing in your baby’s education after high school starts now!
- Every baby born a Maine resident on or after January 1, 2013 will have a $500 Alfond Grant automatically invested for his or her future education expenses.1
- Maine resident babies who have been awarded the Alfond Grant may use the grant to open a NextGen 529 account without the required initial contribution.
- Once you have a NextGen 529 account add money when you can — even just $5 a month can really help.
- Encourage family and friends to give the gift of education by making contributions to your baby’s NextGen 529 account.
1 The Alfond Grant is not automatic in all circumstances and is also available in limited other circumstances. The use of the Alfond Grant is also subject to certain restrictions. Visit nextgenforme.com/AlfondGuidelines for guidelines.
Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges, and expenses before investing. For a copy of the Program Description, visit NextGenforMe.com or call 1-833-336-4529.
Investments in NextGen 529 are not guaranteed or insured by the State of Maine, the Finance Authority of Maine (FAME), NextGen 529 service providers, any other state or federal agency, or any other party. Non-qualified withdrawals are subject to federal taxes and penalties and Maine state income tax. NextGen 529 does not provide legal, investment, financial aid, tax or other advice, and the information provided does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own advisors.
If you or your beneficiary are not Maine residents, your home state or that of your beneficiary may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not available to you by investing in NextGen 529. You should consider such benefits, if any, before investing in NextGen 529.
NextGen 529 is a Section 529 plan administered by FAME. Vestwell State Savings, LLC is the program manager, The Bank of New York Mellon is the program custodian, BlackRock Advisors, LLC is the program investment manager. BlackRock Investments, LLC, Member FINRA, is the program distributor and underwriter for the Client Select Series only. Northern Lights Distributors, LLC, Member FINRA, is the program distributor and underwriter for the Client Direct Series. BlackRock Advisors, LLC is an affiliate of BlackRock Investments, LLC; the other service providers to NextGen 529 are not affiliated with each other.
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